Deepak Nitrite Descending Triangle Breakout
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DEEPAKNTR has formed a descending triangle channel in 1 hour time frame over the last few days.
Theoretically a descending triangle breaks out downwards.
The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown.
Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480 levels.
TARGET is suggested @ 461
NOTE: Trade with confirmation of momentum & volume on lower timeframes, BEWARE of a fake breakout.
Theoretically a descending triangle breaks out downwards.
The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown.
Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480 levels.
TARGET is suggested @ 461
NOTE: Trade with confirmation of momentum & volume on lower timeframes, BEWARE of a fake breakout.
Nota
Day's low @480.80Pesanan dibatalkan
480 levels not breached. No shorting opportunities.Dagangan aktif
Watch for breakout.Dagangan ditutup secara manual
Although price reached target levels after 480 level was broken, it wasn't achieved intraday as planned.
Penafian
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